Adani-owned ACC Limited on Monday announced that it has completed the acquisition of Asian Concretes and Cements Private Limited, having bought the remaining 55 percent stake – valued at Rs 425.96 crores –...
TVS Group’s Restructuring – A Benchmark for Family Arrangements
Recently, TVS Holdings Limited announced the completion of its demerger of non-ferrous gravity and pressure die castings business along with the amalgamation of its holding company & other group entity. The entire...
Infibeam Avenues acquires 49% stake in capital markets software provider Pirimid Fintech
Payments solution provider Infibeam Avenues said it has acquired a 49% stake in capital markets financial software provider Pirimid Fintech for Rs 25.1 crore. With the stake acquisition, Infibeam is looking to integrate...
Aster to sell its GCC Business
Recently, Aster DM Healthcare Limited (“Aster”) announced much-awaited news for its stakeholders. The Board of Directors of Aster announced the separation of its India & GCC (Gulf Corporation Council) business by...
Merger driven by Venture Capital
The Board of Directors of JHS Svendgaard Laboratories Limited announced merger of the company with private company Vedic Cosmeceuticals Private Limited. As acclaimed by the management, the product portfolio of Vedic...
NARCL finalises acquisition of two SREI companies
The National Asset Reconstruction Company (NARCL) has finalised the acquisition of the two SREI companies – SREI Equipment Finance and SREI Infrastructure Finance — under the Insolvency and Bankruptcy Code (IBC)...
L&T Finance announces completing merger of 3 subsidiaries with itself
L&T Finance Holdings (LTFH), a non-banking financial company (NBFC), announced it had completed the merger of three subsidiaries with itself for “superior governance” and growth. All lending businesses of the...
Adobe acquires Lightspeed-backed Indian generative AI startup Rephrase.ai
Adobe has acquired Bengaluru-based Rephrase.ai, which runs an artificial intelligence(AI)-powered video creation platform, per an internal memo circulated by the US software major. With the acquisition, Adobe will look...
NCLAT dismisses PNB’s plea against sale of Sterling Biotech to US-based Perfect Day
The National Company Law Appellate Tribunal has set aside the plea of a UK-based subsidiary of Punjab National Bank against the NCLT order, approving the sale of Sterling Biotech to US-based food technology startup...
WeWork files for bankruptcy; From $50 billion to zero in 5 years
Co-working space firm WeWork Inc. has filed for Chapter 11 bankruptcy in New Jersey, as per a Bloomberg report. On November 1, the Wall Street Journal reported that WeWork plans to file its Chapter 11 petition for...
Butterfly’s merger with parent Crompton Greaves fails to gain nod
The public disapproval pushed shares of Butterfly Gandhimathi by 7% before they closed at ₹1085.4 apiece on the NSE. Shares of Crompton Greaves too closed marginally lower at ₹282 apiece. Despite holding a 75% stake in...
Bankruptcy court approves Himadri-Dalmia plan for Birla Tyres
The bankruptcy court has approved the proposal from a consortium of Himadri Speciality Chemical and Dalmia Bharat Refractories to acquire Kolkata-based Birla Tyres. Lenders of Birla Tyres had earlier cleared the...